Multibagger Stock Appoints New CEO & COO, Scrip up 280% In 3 Years

The recognised NBFC Star Housing Finance Limited (Star HFL) is thrilled to announce the appointments of Kalpesh Dave as Chief Executive Officer (CEO) and Anoop Saxena as Chief Operating Officer (COO) on Wednesday. By announcing these strategic appointments, Star Housing Finance said it is committed to accelerating its growth trajectory and further enhancing its position in the dynamic housing finance industry.

Commenting on his appointment, Kalpesh Dave said, "I am honoured and excited to work as CEO at such a pivotal time in the housing finance industry. I look forward to working closely with the team to leverage our strengths, capitalize on opportunities, and enhance our offerings to empower more individuals and families to realize their dream of homeownership."

Anoop Saxena expressed his enthusiasm for his new role, stating, "I am delighted to work as COO and contribute to Star Housing's continued success. I am committed to driving operational excellence and delivering exceptional customer experiences as we strive to provide innovative housing finance solutions to our valued customers."

Speaking on these appointments, Star Housing's Board of Directors expressed their confidence in the capabilities and vision of the newly appointed CEO and COO. They believe that under their leadership, Star Housing will continue to drive innovation, expand its customer base, and cement its position as a trusted partner for homebuyers across the country.

On Wednesday, the shares of Star Housing Finance opened on the BSE at Rs 46.75 apiece and were trading at Rs 46 with an upside of 0.33% from its previous close while writing this copy. The stock made a 52-week-high of Rs 60.20 on (16/12/2022) and a 52-week-low of Rs 31.26 (01/07/2022), indicating that at the current market price the stock is trading 23.58% below the 1 year high and 47.15% above the 1 year low.

The stock has gained 132.20% during the past five years, and over the past three years, it has generated a staggering 281.37% multibagger return. The stock has gone up 38% during the past year, but YTD, it has dropped 11.64% so far in 2023.
During Q4FY23, the company recorded promoters shareholding of 22.90%, FIIs stake of 1.04% and public stake of 76.06%.